A London man who bagged roughly $7 million by selling bogus stock options in luxury goods giant Gucci Group pleaded guilty to federal fraud charges yesterday.

Timothy Khan, 51, ‘fessed up to duping an unwitting investor into shelling out millions for bogus shares in Gucci’s IPO and other stocks.

The con artist raked in his loot by posing as a member of the Gucci advisory board, claiming he was tasked with turning the company around financially and had the opportunity to buy stock at a deeply discounted price.

The victim wired a total of $7.3 million to Khan between 1995 and 2006.

Each time the investor made a request to exercise the Gucci options, sell the stock, and deliver the proceeds, Khan would come up with a different excuse at to why it could not be done.

A citizen of Canada, Khan pleaded guilty to two counts of securities fraud and wire fraud charges, which each carry a maximum sentence of 20 years behind bars.

His sentencing is set for June in Manhattan federal court.

Khan was nabbed by the feds in Los Angeles in April, at which time US Attorney Michael Garcia said, “Khan has never been associated with Gucci.”